The Hindu Business Line : Wednesday, April 17, 2002

Sinha all set to restore I-T rebate
UNDER pressure from within the Bharatiya Janata Party (BJP), the Finance Minister, Mr Yashwant Sinha, is understood to have given the go-ahead to roll-back the Budget proposal on pruning tax rebates on investments in designated savings ... More

Longer wait for insurance service tax review
NEW DELHI: LIFE insurance companies, which have sought a review of the Budget proposal to impose a five per cent service tax, will have to wait till June this year for a final verdict from the Finance Ministry. According to senior Revenue ... More

Strike brings cheque clearing to standstill
CHEQUE clearing operations came to a grinding halt today as the employees of public sector banks, financial institutions and the RBI joined the all-India strike called by various trade unions to protest against the "anti-labour" polices of the ... More

Takeover panel wants share acquisition norms tightened
THE Securities and Exchange Board of India's takeover panel has suggested further tightening of share acquisition norms. According to Mr Justice P.N. Bhagwati, who heads the SEBI's takeover panel, if the acquirer fails to make an open offer ... More

Euro Club to take up scotch-whisky case
THE India Working Group of the Euro Club has placed a new proposal before the Indian Government to break the impasse over bottle-in-origin (BIO) liquor imports. It has sought the removal of countervailing duties on BIOs priced above $25 per case, ... More

Astra, Tata Homefinance FDI proposals cleared
SWEDISH multinational Astra Pharmaceuticals' proposal to increase equity in its Indian subsidiary from the present 56.49 per cent to 100 per cent involving fresh foreign direct investment (FDI) worth Rs 82 crore and Tata Homefinance Ltd's ... More

Oil cos slash product prices
PUBLIC sector oil companies have slashed the prices of naphtha, furnace oil and low sulphur heavy stock (LSHS) in line with falling international prices. The new prices are effective from April 13, 2002. "Naphtha prices have fallen ... More

Debt and balanced schemes -- SEBI tells MFs to disclose performance of benchmarks
THE Securities and Exchange Board of India (SEBI) has directed all mutual funds to disclose the performance of the benchmarks of their debt-oriented and balanced fund schemes in their half-yearly results. The disclosure of the performance of ... More

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